Bonus has expired and is no longer available. View the best current checking bonuses by clicking here.
Update 01/05/18: Deal is back and valid until December 31st, 2018. Hat tip to YAR.
Reposting because the offer is back and valid until December 31st, 2017 hat tip to reader Simon.
Originally posted on August 22nd, 2017. Reposting again on November 19th as there is a new expiry date of November 30th, 2017 (previously expired on October 31st, 2017). Hat tip to reader borntobehermit.
Offer at a glance
- Maximum bonus amount:Â $250
- Availability:Â IL (might be possible for anybody to join by donating $15, you might also already be a member of a qualifying organization). Not sure if this one needs to be opened at their Schaumburg branch. Must also be a resident of Illinois
- Direct deposit required:Â $500+ for three months
- Additional requirements:Â Use promo code COLLECT250
- Hard/soft pull:Â Soft pull
- ChexSystems: Yes
- Credit card funding:Â Can fund up to $3,000 with a credit card (Visa, Mastercard & Discover all accepted)
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â
September 30th, 2017October 31st, 2017November 30th, 2017December 31st, 2017
The Offer
- Andigo is offering a bonus of $250 when you open a new checking account and complete the following requirements:
- Use promo code COLLECT250
- Receive a monthly direct deposit of at least $500 for three months
The Fine Print
- Must enter promo code COLLECT250.
- The $250 will be deposited to your Andigo checking account up to 90 days after the account is opened and the first direct deposit is posted.
- Must deposit a monthly minimum of $500 for at least three months to qualify for the $250 bonus.
- Offer ends
October 31st, 2017November 30th, 2017 - All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Their checking account has no monthly fees to worry about. According to the fee schedule there is no early account termination fee.
Our Verdict
They also offer a $150 referral bonus for both parties, that’s the better offer if the person referring you will give you their $150 as well but that is somewhat unlikely so this will be better for most people. Good deal especially if it can be opened online, I guess it can be due to the promotional code but not 100% sure on that and the fact you get a $50 extra bonus if you open in branch, this DP says they were told in branch only. For now I won’t add it to our best checking bonus page until we know a bit more.
Hat tip to reader Luke
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
Max CC funding is $210
Anyone have a recent successful DP of using a credit card to fund and it running as a purchase? Saw some language on their application funding page that said “credit cards will be run as cash advance”
Attempted to use SCP to fund 3K to a new account. Andigo attempted to run it as a Cash Advance, so it failed.
CSR and Ink plus have been declined as well due to cash advance limit.
Tried doing the bonus under the Collect250 promo – Capital One transfer July, August, September = no bonus
for andigo credit union, is it possible to fund the bank account twice? once for regular account and another for money market savings?
Tried to join, an I’m local to their home branch. Talked to the banker, they’re cutoff of for Chex is 2 accounts, they have gotten very strict per new policy at the credit union.
Very interesting, thanks for sharing. Is that two in the past six months, or 12, etc?
Hoping that Chex requirement is for new applicants, as I’m an existing customer, but would like to do a couple more accounts over time
I was able to join with many new accounts.
Is this offer still available or was it closed early? When I click on the link, I get a message that page is not found.
Looks dead to me, marking it as such
don’t believe it is dead – but the link has changed to: https://www.andigo.org/Bank/Checking
slightly different deal: https://www.doctorofcredit.com/il-only-andigo-bank-400-bonus-250-checking-100-cd-50-for-doing-both/
Does anyone know if the high-yield checking account is eligible for the $250 bonus?
Has everyone been asked to upload a copy of their social security card? If that is mandatory don’t know if I want to move forward…